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of just 2.5% in the u.s., 1.5% in canada and zero growth in the uk. locally, cutbacks in government spending weighed on the numbers and lower commodity prices also impacted on cash flow and the government is facing more criticism about its effort to keep the budget in surplus while the economy grows. >> the government has had the objective of making sure that we would bring our budget back to surplus when growth has been around trend. what we've been seeking to do through good budget policy has been to provide maximum flexibility to the reserve bank to a just rate so. the government will always put in place appropriate budget settings which will support growth and jobs. >> still, analysts say growth could slow further as the mining investment boom peaks. yesterday, the bank of australia cut interest rates to a record low of 3% and traders are looking further easing next year to offset the falling talks of trade, the high australian daughter and further cutbacks in government spending. >> despite that prognosis for rates and the fact that we're now matching the record lows here, the
the uk's high divorce rate rather than promoting marriage. the coalition for equal marriage is love is love regardless of gender. well, i would add that love is love regardless of marital status. and while the majority of us, almost all of us absolutely believe in marriage for all his rate and yes, compared to some countries can bush legalize same-sex marriage some years ago, i note that the u.k. has been slow to act. if things are rapidly changing. the huge success of civil partnerships recognized commitment to same-sex couples has been a capitalist for this change. david cameron has pledged to legalize same-sex civil marriages by 2015. abdallah before marriage will be introduced here in this chamber in a 10 minute speech. i accept this as a plot to talk about such an important issue, but it's longer than i've got. i'm at the parliament or a cynical access marriage, there is a danger that any campaign will be overtaken by the legal change we seek. i conclude we have three main priorities. quality, quality, the national campaign will not provide the equality we required. more import
prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this year. if it weren't for the fiscal cliff, this is actually a big source of stimulus for households. absolutely. i don't want to make too much about it, but the biggest attacks oeft with the and elevated since the mid '70s, it could be coming to an end. so i think that is something we need to be aware of. the annual fuel rate in the uk is about 15 billion to consumers. you're looking at another percent on income. so as i'm sitting down righting the income for next year, it's not all doom and gloom, the mood is
, is profoundly stuck. the u.k. has been put on negative watch on three largest credit rating agencies. the european union is britain's largest trading partner, europe's economy remains on prepares you footing despite several months of relative calm and there's a growing debate about whether the u.k. should lead the e.u. earlier this month we covered the "economist" magazine read "good-bye europe, look what happened when britain left the e.u. " i'm pleased to have george osborne back on this program and back at this table. >> thank you very much. >> rose: you're in new york city for a speech at the manhattan institute. >> i did that last night and had some meetings on wall street, seeing them there later. >> rose: so what's your message about the british economy to manhattan institute as well as the mayor and wall street? >> well, the basic message is britain is open for business. if you want to come and invest in a country that is dealing with its problems, cutting its business taxes, providing opportunities for companys to go britain is the place. i think we're doing better. >> rose:
about the contrast between the u.k. and the united states which i think is revealing, and some world's about -- words about challenges facing the world economy which is more important than those facing individual countries alone. the united kingdom was hit very badly by the financial crisis. total gdp fell by 6% between the peak at the beginning of 2008 and the trough in the second quarter of 2009. output still remains 3% below the peak level. and more than 15% below levels that output would have reached have the long run average growth rate merely continued. on top of that, the inflation rate has been a 2% target. and in the wake of the financial crisis, the budget deficit reached a level of 11% of gdp, a good part of that being structural. we have serious problems to contend with when trying to put in place an economic recovery program in 2009-2010. it was clear at that point that the u.k. needed a major rebalancing of our economy. the shift of spending away from consumption, private and public and toward the net exports whether exports or production to compete with imports. the st
'll take a look at gilts. slightly lower, 1.77%. big day for uk. manufacturing pmis out for the month of november. italian and ten year sbpanish yields are also lower. down on the greek announcements, but substantially below 6%. ten year bunds 1.37%. those yields slightly higher. on the currency markets, we talked about this euro-dollar six week high. below that at the moment, but not by much. dollar-yen moving off the 7 1/2 month high at 82.17. aussie dollar weaker despite the good chinese data. dipping below 1.04 earlier on. we had retail sales data that was a little bit disappointing. sterling-dollar back above 1.60 as we wait for the pmis. the most searched terms apparently of 2012 were the u.s. election and iphone 5. and while the most searched person of the year was kim kardashian, this is according to yahoo! search engine, kate middleton and political polls also made the top ten list. so here is a simple question for you today. what dunk were the most interesting stories this year or the most interesting story, the election, the owe almost picks, the ongoing saga in greece. let
service for senator taan -- daniel inouye. then the u.k. youth parliament holds a debate at the british house of of commons. >> president obama, vice president biden and former bill clinton spoke at the memorial services for the late hawaii senator daniel inouye today at the washington national cathedral in washington d.c. senator inouye died on monday at the age of 88 and was the second longest-serving senator in history. this is an hour and 45 minutes. .. >> i am resurrection and i am white said the lord. whoever has faith in me shall have lies, and everyone who has lies and has committed himself to me and she shall not die forever. as for me, i know that my redeemer lives and that at the last he will send upon the earth after my awakening, he will raise me up and in my body, i shall see god. i myself shall see in my eyes behold him who is my friend and not a stranger. for none of us have wife and hands of a none terms his own master when we die. for if we have life, we are alive in the lord and if we die, we die in the lord. so then, whether we live or die, we are the worse possessio
, relatively flattish trade, as well. the yield here on the spanish yield, 5.3%. the uk seeing yeldz slightly higher, as well. but, of course, it is christmas. it is the holiday season that we're up against. so you would anticipate that maybe some investor res closing out recent profits. sitting tight and waiting for that next year to start, karen. >> thanks very much, louisa. we are indeed in a festive mood. let me echo a very merry christmas to the viewers out there. on the agenda in the united states, there's no economic earnings start to go speak of this christmas eve. the markets will be closing early with the nyse and nasdaq depending at 1:00 p.m. eastern, the cme at 1:15 and the nymex at 1:30. the cme will close up shop at 1:45 eastern. u.s. investors get the monthly case-shiller home price index on thursday wednesday. thursday, it's jobless claims, new home sales and consumer confidence. friday, we round out on the week with the chicago pmi pending home sales. interesting to see the level of volume that we had in u.s. markets on friday. it was 4.8 billion shares traded. the fourth lig
from the u.k. says this is all perfectly fine. you don't have a problem? >> they are bit like, today, actually, 150 federal agencies already on youtube as part of efficiency and government as it were, part of transparency. fundamentally, as far as government goes, obama cut 600,000 jobs from federal government arriving in 2009. this youtube program i think is one of the reasons for doing that. government all around the world use media in this way. neil: i want the 600,000 jobs back and not worry about the trillions in deficit we incurred as a result, wouldn't you? >> well, yes, there has to be a shift on the view of americans on entitlements. there's fascinating research saying that 53% of voters had used entitlements, and 59% of obama supporters used entitlements. there has to be a shift how americans think about entitlements, but a youtube channel will not change that. the most popular youtube channel? irs. youtube is actually helpful. neil: i worry about anything that makes it easier for you to get benefits from the government. i worry about it because there was a woman on earlier
this promotion drives us towards a fiscal ditchand weber from the u.k. says this is all perfectly fine. you don't have a problem? >> they are bit like, today, actually, 150 federal agencies ready on youtube as part with u. good night from new york. neilwheeling and dealing, and despite the shouting back and forth, that says a fical cliff deal is coming. that's the good news. now, the bad news. it won't remotely tackle spending of the it is not what they are saying. it is what big spenders are promoting in a youtube video that's gone viral. i want you to ignore everything that you've been hearing out of washington today because i think at the end, it means nothing. focus on this video beause i think it's going to tell you everything. take a look. >> to begi the benefit finder, first answer all of the nine simple core questions that are essential to narrowing your relts. you will find a program description, general requirements, and your next steps on how and where you can apply. receiving the latest benefit information has never been easier. we hope this tutorial helped you on your path to gover
if it weren't for the ipad, the uk sales figures would be extraordinarily weak. >> yes. although, you know, for the uk economy, the consumer sector is not the weakest point. i think what is interesting about the uk economy in the last six months is this quite stronger than expected growth. if you look at the gdp number. but a very worrisome trend. so a liberal market that remains very, very firm with respect to other similar economic weakness. and i think that is what we really have to solve on the uk economy to know if this relativerelativ relatively soft, but also, i mean, rather encouraging if you look at other european countries numbers. i think we will have to wait until well into next year to understand if this is going to have a long-lasting consequences on the uk economy and also on the consumer sector. it's too early to say. >> you mentioned it's not necessarily the consumer where we're looking at the gauge of growth in the uk. but we see the employment figures be relatively strong even at a time when gdp generally is weak. what's the disconnect between what we're seeing in the em
july, 2011. up .5%. yields coming down during the session yesterday. employment numbers out of the u.k. in around 15 minutes or so. we'll keep our eyes on that. yields also -- treasury yields, 1.67%. gild yields, 1.63. and bond yields higher. they got kicked higher in germany post that survey which we broke on the show, as well. as far as the currency market, dollar bit under pressure ahead of the fed. euro/dollar 130.08. we were down late friday and early monday trade, as well. dollar/yen, highs polls suggest mr. erbe will be a clear win in japan. however big will the lead be and what influence tell have on the bank of japan. dollar and yen pressured by more q.e. talk. and aussillar three-month high. the prospect of q.e. boosting commodityets. canadian doing well. firm at 1.6122. we have more on the asian trading day out of singapore. >> reporter: hi, thank you, ross. most asian markets finished on a bright note. the shanghai composite recouped morning losses in positive territory. property stocks turned higher in the afternoon. stocks also rallied while investors await beijing's det
to come. in just one instance revealed by the u.k. financial services of 40, ubs made corrupt payments of about $24,000, a quarter over 18 months, to reward brokers for helping to manipulate the global interest rate. the u.k. authorities have already arrested three people in connection with the serious fraud of criminal libor investigation. >> shareholders are getting more serious about asking serious questions with these practices. there have not been enough to drive an enormous or definitive change in the banking culture as a result. this is why many people say the financial companies will not be as significant -- the financial penalties will not be as significant as the criminal police. >> ubs, already rocked by a rogue trading scandal, a tax investigation, and huge subprime losses. >>> william black is a former u.s. federal regulator and associate professor of the economy and law at the university of missouri. >> there is nothing astonishing about this behavior. this is what virtually every large banked active in the market did. and they did this quite predictably because the top m
force the u.k. government to make payouts of the payout over the space of three years. beatings, threat, sleep depravation, sexual humiliation say amount to systematic torture. >> you have to be very careful before you start embarking on anything that might turn into torture. the question is, of course, whether sleep depravation, whether food depravation, water depravation whether putting somebody in a cell without any access to any light or ability to exercise, well, is this torture? it doesn't take much of that to constitute torture. >> britain's ministry of defense while acknowledging the payouts assures that it wasn't anything but a few. the vast majority he said have acted with dignity. we seek to ensure that those responsible are brought to justice [beep] -- brought to justice. [beep]. [beep]. >> but it's starting to cost the u.k. government a lot of money. >> $3 million have been paid out. that's an average about 114. with almost two -- 200 cases the ministry of defense is likely to get bigger. there are the 700 or so individuals that could be filing claims in 2013. >> still ahea
to allow them to pay minimal tax in britain. >> not paying their fair share, despite being over the u.k. on every high street. it's gisting behavior. i pay my tax, why not starbucks? >> sometimes they position themselveses in other country to avoid paying high taxes here and britain. amazon did $320 million in turnover in the u.k. it paid less than $3 million in british tax. all of this within the law but parliamentary law accused them of immorally minimizing the tax obligation. some say don't blame the big guys. >> i don't moral is the way we ought to levy our taxes. it should be set out in law and fairly enforced by the tax authority. individuals have their own moral compass that guides what they choose to do. >> starbucks does appear to feel the heat of public pressure. saying we need to do more. we are looking at the tax approach in the u.k. the u.k. said it will tighten its tax regime but it has not said how. other european countrys have similar concerns. with some calling for more uniform taxation across the e.u., so some countries don't become tax havens at the expense of others.
very cautious trading. we have industrial production coming out of the uk. if worse than expected, may get a negative q4 for the uk. italian yields are higher. spanish 5.54, just nudging a little higher. bunds down 1.29d% after the downgrade by the bundesbank, as well. draghi says we discussed it and again a big town great in inflation forecast, as well. some saying maybe they still won't, but it does knock the euro-dollar, 1.29d 25 is where we stand. dollar-yen 82.37. we talked about the yen in relation to what was going on with the earthquake. aussie dollar below 1.05. sterling-dollar just slightly weaker. that's where we stand as far as the european markets are concerned. let's get a wrap of the final trading day in asia this week. >> asian markets wrapped up the week on a mixed note. shanghai composite gained 1.6% and it's up over 4% on the week. stocks related to citi growth continued to surge as the new urbanization plan is aiming to boost investment plan. agriculture stocks up today on support policies. hang seng dragged lower by utility stocks. picc staged a strong trading debu
, if you look at uk they have a culture of violent games, the same games and everything around. obviously, they don't have these same shoot problems. if you like at japan, they have the most vicious, violent video games of anybody, and they don't have these issues. they don't have a murder rate. >> guess what? tell your hollywood friends, we got hundreds of millions of guns on the street. we ain't japan, so you fight the war on the battlefield before you and the battlefield before us is there is easy access to guns. there will be easy access to guns regardless of what gun safety legislation. >> to parents while i still have control, because you lose it as they get older, don't let them do it. find something else. it's hard. it's easier said than done because a lot of kids sit there for hours and it's their baby-sitter, but no. >> steve, i understand that's not your position, but i'm hearing this a lot of from people in hollywood. no response. quentin tarantino was unbelievable incense it actisen. what a total jackass. left wingers say i want to -- there's a slippery slope on first amendme
are telling some american companies it is time to start paying their fair share there in the uk. even throwing around terms such as shame, outrageous when talking about it. executives from google, amazon, and starbucks all appeared before a parliamentary committee looking into how international companies minimize the tax they pay in the uk. richard quest is in london to explain it all. now, richard, not necessarily talking about tax evasion here. it's more like avoidance, minimization, what's the concern? >> reporter: that's exactly the point. the companies are not breaking the law, not doing anything wrong. the accounts committee described their actions as immoral claiming they have r. so arranging their tax affairs so as to pay no tax in the country where the money is earned. this applies to google, which uses ireland, applies to amazon, on the continent, and it applies to starbucks in amsterdam. what we learned is how these companies arrange their affairs. so even though the latte is bought in london, no tax is ever paid except on sales tax to the uk government. i need to demonstrate this t
editor-in-chief anna wintour possibly being nominated as the ambassador to the u.k. and that new reporting has sparked new questions about whether the woman infamous for being rather tough on her staff possesses the diplomatic skills to deal with our best friend over in england and international relations. former u.n. ambassador john bolton faced similar criticism when he was up for his post, and he joins us next on whether he thinks wintour, infamously portrayed loosely in the film "the devil wears prada" has what it takes. >> oh, good morning, miranda. >> get me isaac. i don't see my breakfast here. where are my eggs? where's the piece of paper i had in my hand yesterday morning? the girls need a surfboard or spring break. nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. ♪ >> so you don't read runway? >> no. >> and before today, you had never heard of me --
for her now. bloomberg news is reporting that she is on the short list to be the next ambassador to the u.k. or to france. a hat tip to the "new york post," owned by the parent company of the network. she was trying to audition by fundraisers and glossy spreads in the magazine. what do you think? quid pro quo? >> dana: yeah, i do. she is an accomplished woman. if you have a movie made that says you're the devil you'v youe something. >> greg: they made one for you. >> dana: i'll reserve comment whether she deserves it and would be a good ambassador. we talked about this eight months ago with a big event here. someone slipped it out she would love to be the u.k. ambassador. i think it could happen. >> andrea: do you think it's real or her floating her own name for job? >> greg: i would like to send her away. england sent us victoria beckham. six-figure exchange program. i could have used another word but decided to be clean. she tells an assistant to float it and it helps her keep her job another year. >> eric: last year we did the same story. >> andrea: this is the same woman that did the gl
is and the group hsbc, the uk's largest bank wants to put this behind it, trying to settle the serious allegations, $1.92 billion will be what they will pay the u.s. government, there will be a press conference later today, the justice department, the manhattan d.a. and others to put this to rest. banks operating in the u.s. have an obligation to know their customer and abide by u.s. laws and u.s. sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for them. the hsbc of today is a fundamentally different organization from the one that made those mistakes." they were rubber stamping transfers and one economic it any of an e-mail said "what is this, the school of low ex
us is allen higgins, chief investment officer for the uk coutts. good morning. >> good morning. >> so we've had 12 years of exposure to gold. you're limiting it now. why? >> it's starting to lag, but more subtly from a portfolio construction perspective, it's lost its negative correlation. for example, quarter 2010, well, euro crisis won when we had equity markets down a lot then gold really surged forward, giving a negative correlation. and so for the portfolio manager at coutts, it has been at times a legal high gold exposure surging upwards in times of stress. for those days seem to have gone. trimming it. that is a fact that there's a real shortage of low risk investments of on german bunch negative. >> but you're saying it's trading like other risk assets at the moment. >> at times, it's correlated with em. so it's less attractive from a portfolio construction perspective as compared to what it was. >> it's fascinating because we've been talking about one theme for 2013 being is it a stock picker's market, are we seeing less differentiation, what you're saying would suggest that
been found guilty of misleading and dishonest conduct by u.k. medical tribunal. the verdict is another victory. their father's death brought one of the largest increase in the british army. this is was not unique. it prompted a wider inquiry about the treatment of iraqi detainees. the doctor now worsen in medical practice in northern england. he has always denied any wrongdoing. >> the blitz was a bombing campaign during the second world war which almost brought london to its knees. now the designers of an interactive map that shows where every bomb was dropped has been overwhelmed by popularity with millions of people from around the world visiting. >> they were the darkest days in london's long history when the bullets hit, more than a million houses destroyed and many of the landmarks. now this web site helps us understand what happened. each red dot marks where a bomb fell on london. there are 31,000 dots in all. the website designers painstakingly matched all maps with today's street grid to pinpoint exactly the locations. the popular response has been overwhelming. >> even though
conditions in portions of the uk. seeing slippery roads out here, also gusty winds pushing off toward the low country, also seeing heavy rainfall and into the alpine regions, winds gusting up to right around 100 kilometers per hour could be expected here, plus heavy snowfall. the good news outside of the mountains, temperatures for your high temperatures on your thursday are going to be mild here. london, a high of 8. paris, up to 11. look at rome and athens, both a pair of 17s here on your thursday. now here's a look at your extended forecast. >>> we'll be back in 30 minutes with more news. i'm gene otani in tokyo. from all of us at nhk news, have a great day. thanks for joining us. have a great day wherever you are.
. >> what would happen at 11:11 this morning uk time when the cycle was due to end? with the world and as well? no was the answer. live television coverage of the mayan heartland in mexico continued uninterrupted except for a poorly timed phone call. if they were disappointed by the anticlimax in this french town, it did not show. the local mountain was supposed to be a safe haven as the world ended with aliens poised to with the believers to safety. the aliens never turned up -- at least not the real ones. >> it is not the end of the world, but that does bring to this program to a close. for the next week and a half, you will continue to get all the day's news from our colleagues in london, and we will be back on january 2. until then, have a wonderful holiday season. we will see you in 2013. >> make sense of international news. bbc.com/news. >> funding for this presentation is made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu newman's own foundation and union bank. >> at union bank, our relationship managers work hard to understand the industry
in across the uk, down into much of france. flooding is likely. it should be fine across much of the iberian peninsula, 15 degrees expected in madrid. further east, this extends through north africa, so for both tripoli and benghazi, it will be cloudy, the chance of some showers. 19 degrees in cairo as a maximum. along the coast, for the west, whitely dryer -- likely dryer. solutions for america, friday, 7:00 p.m. eastern, 4:00 p.m. pacific. >> hello again. top stories on al jazeera, at least 30 people have been killed in southeastern kenya. the deaths in the delta region have been blamed on fighting between the orma and pokomo tribes. the first round of the draft for the egyptian constitution is planned for friday. u.s. president barack obama says he will work with congress to avert spending cuts and tax hikes in the new year. where republicans budget bill to avert the -- a republican budget bill to avert hit the fiscal cliff was killed in the house. 20 people have been killed in flash floods and landslides in sri lanka. 14 people are missing. tens of thousands of people have been affected.
, for example, the uk, it's actually a relatively small amount. if japan tries a much larger qe event, surely we go down the route of the uk which in and of itself does not demonstrate a huge increase in inflation and a huge increase in market growth, either. >> arguably, that is one of the problems with the huge task that the boj has ahead of it. people progress in terms of growth, japan has bigger problems, much bigger problems in terms of the demographic in terms of the structural hold back. so there are a lot of sectors at play now. i think one of the names that the boj has is whether this will work or not. but if were looking at it more from a yen perspective, certainly two things are going to drive the yen are going to be the relative price of the boj balance sheets with respect to, perhaps, the fed and the ecb and the other being the jgb. >> and briefly, in summary, what are your favorite strategic calls? >> the strategic calls for us are going to be buying the rupee against the yen. we are looking for the yen to depreciate further and keeping our fingers cross on some policy upside comin
it to victory in the first gulf war has died. why a group aimams in the u.k. base eyeing women who marry out of their faith should be accepted. >> more lively showers coming in across parts of northern australia, particularly of course -- across the north and west. an area of clouds tumbling its way in there. a good deal whether -- wetter. is still very hot in perth, temperatures around 30 degrees celsius looking for high temperatures around 32 for brisbane. drying out toward the southeast. rain affecting new zealand the next couple of days -- further north we may see a tropical storm developing around the solomon islands which would bring increasingly what weather across the region. pretty wet across the good part of southern india and sri lanka, the northeast monsoon, one terrain's across a good part of sri lanka now struggling with widespread flooding. over 300,000 affected. north, largely dry. winter weather along afghanistan and northern pakistan and the far north of india, in the process of petering out. we have rain petering out across the arabian peninsula. in doha, lively downpours
shocked. they have seen politicians come and go for 60 years. >> for some towns in the u.k., christmas is turning into a season of taking rather than giving. several police forces are reporting a rise in shoplifting. they might have been the kinds of things that could be given as gifts, but now it is groceries. chris has been to the north of england, an area that was hit hard by the economic downturn. >> with christmas days away, the streets are filled with shoppers. watch closely, you will see this woman with a bike and a basket. he leaves without going into the till. also of concern is the growing number of people who appear to be committing the crime because they're desperate. >> forcing it on a small number of individuals, including young mothers. >> if you look at powdered milk , the expense of things coming into the household. >> makes sense of international news at bbc.com/news. >> funding of this presentation was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers
.s. and u.k. regulators will unveil the first concrete steps to end the problem of large international banks. >>> on the deal front, aig announced it is selling the majority of its airplane leasing unit to a chinese noinvestor grp for $5.3 billion. our sister network, nbc sports, is teaming up with yahoo! to share content on air and on line. >>> "the new york times" reports that michael bloomberg is weighing a big for the financial times group. >>> and it looks like christmas came earl at the vatican. pope benedict, the proud owner of two shiny, new custom-made mercedes pope mobiles. and what else, mother of pearl white. snazzy. >>> what's with thieves these days? first dognappers steal puppies. then a guy in handcuffs escapes out back of a police cruiser and gets into the driver's seat and steals a police car. that's up next. >>> and some other stories making news across america for you this morning. we begin with a brazen car heist that looked like a scene from a movie. a texas police dash cam rolled as a handcuffed burglary suspect turned a police vehicle into his getaway car. the man eas
per 100,000 people in the uk. and 4.4 murders per 100,000 people in the uk. you know why? gay marriage. >> that is something to think about. >> check the demographics. it is not as easy as you think. >> some has to do with divorce. >> if you compare the white population we have a lower crime rate than belgium. >> who goes to belgium? i think the lesson here is -- >> more guns less crime. >> more guns less crime. and they should be scared. i have some research here -- no i don't. no, no, no. in florida, blah, blah, blah, blah, blah, more people, blah, blah, blah, blah, guns save lives. >> because if the stats don't include the time you have a gun and it goes, you better get away from me, that doesn't make it click. >> you know what makes republicans more angry than democrats coming to get the guns? >> what? >> them not caring. most don'ts. obama is not coming for your gun. >> bob is not an elected official. >> yes he is. >> by the half hour point hoe -- he is not even awake. he gets his sugar high and he is done by the half hour. >> that's the most appalling thing i have heard. you watc
on the royal phone prank in the u.k. radio station has taken the two d.j.s off the air who called the hospital where princess kate was being treated. they duped nurses to thinking they were the queen and prince charles. the nurse who put through their call, her name was saldana found dead of apparent suicide on friday. though they have not released the cause of death. today we are hearing from the first time from the two d.j.s, mel and michael on the death. >> it was never meant to go that far. it was meant to be a silly prank that so many people have done before. this wasn't meant to happen. gone over this a million times in my head that i want to reach out to them and give them a big hug and say sorry. i hope they're okay. it really do. >> what is important right now is that the family and we hope they are doing okay and get the love and support that they deserve and need right now. personally, i'm -- >> dana: police in the u.k. contacted authorities in australia. could they face charges for this? kimberly, we talked in the break. we don't see what the charge could be. >> kimberly: it's too
is reacting here in newtown, connecticut. >> you mentioned the soccer players in the uk and we're getting response from the uk and all over the world. if there is one thing aside from political disagreements that the world can agree on is the innocence of our children, specifically, from david cameron, the british prime minister, you know, back in 1996, they suffered through a school shooting. his stamentd from ten downing. my thoughts are with the injured and those who have lost loved ones. it is heartbreaking to think of those who have had their children robbed from them at such a young age when they had so much life ahead of them. as we mentied that shooting in '96 and also in '96 a shooting in tasmania that ended with five people being killed. that statement after that we received from prime minister julie gillard. >> it is almost beyond comprehension, but that is what we have seen today. heartfelt sympathies go to those families who have lost a child. to those families who have lost a loved one. to those families who are now trying to counsel their young children that has been witnes
to the rest of the world, if you look at germany, uk, japan, france, all of whom have very strong gun regulations, we have more gun deaths in one week than they have in an entire year, and the incidents -- the number of times in which guns inside a home are used for self-defense are exceedingly small, on the order of maybe 1 in 15, 1 in 20 as compared to the number of times when a gun is used either for suicide or a homicide. anybody that looks at the data here is quite clear that on the whole, particularly things like assault weapons, create far, far more kor nage in th carnage in this country than they prevent. to a large extent the reason why i think progressives have not been able to mount an effective campaign for sensible gun laws, it's been a failure of the progressive movement, and i think that will now change with progressives. they must realize they have to make this an election issue. all of the polls show that the public is widely in favor of sensible gun regulations. i will point out what i said on friday. president clinton after columbine when we were meeting in the oval
over to the delta brand. this is all about increasing its exposure into the uk market, specifically the slots at heathrow. those remain the crown jewel in terms of the airline business going over to europe. if you have access to those slots, it's a much easier way to become profitable or increase your profits over in europe. by the way, there are 31 daily flights between the uk and north america. we'll find out exactly what happens in terms of frequent flier redemption possibilities between delta and virgin atlantic. remember, virgin atlantic is not part of any global alliance, not part of the sky team alliance, although many wonder if that's going to change with some time. take a look at shares of delta. richard anderson has had a nice little move here. some people would say, listen, this is all about jet fuel as it has moderated. there's something else at play here. we'll be talking with richard anderson about this at 11:40, first on cnbc. we'll talk to him after the press conference announcing this deal. you don't want to miss what he has to say. this is a ceo, and we've talked a
as risky. investment is flying in to u.k. instead of flying from it. we have to keep it that way. two years ago britain in was the danger zone. we are seen as one of the safe haven able to borrow must be and lower interest rates than any time in the history. and today's forecast shows a 33 billion pound saving on the dote interest payment. it was predicted we would have to pay two years ago. that is as much as the entire defense budget, which is why in this statement we show the coalition government is confronting countries problems instead of ducking them. today we reaffirm our commitment to reducing the deficit, send ought the details of the spending plan to 2015, '16 and rolling out the programwork to 2018. we show our determination to do this -- you support a business and enterprise so they can create the jobs we need. and in everything we co, we will show today we are on the side of those who want to work hard and get -- the economic forecast and it is a measure of the constitutional achievement that it is taken for granted that our country's forecast is now produced independently of t
capped. spain requesting financial assistance. we'll keep our eye on the uk as we head toward the bank of england meeting this week p. dollar index has hit a one month low. you're redollar up to euro-dollar up near the high we saw yesterday. dollar-yen moving away from the 7 1/2 month high. rebounding against the dollar and the euro ir, as well. priced in a lot in terms of monetary policy out of japan. and aussie dollar, 1.0463, yes, we have cut the cash rate in australia to match the record low of 3%. but we see the aussie dollar rise because it's pretty much all priced in. sterling-dollar also getting a benefit. back over 1.61. so that's where we stand in european trade. let's recap the asian trading session for the first time today, when you not the last. >> thank you, ross.not the last. >> thank you, ross. shanghai composite recovered from its four year low as property financials, rebounded. shale gas and geothermal plays also rallied as beijing plans to cut its annual coal consumption target by 2015. the hang seng finished m eed marginally in the green. losses in the services sect
to a recent outcry in the u.k. that multinational companies are skirting taxes by shifting profits to overseas divisions. the managing director of starbucks u.k. says they have always paid taxes to the letter of the law. but will make additional payments in 2013 and 2014 despite the fact that the u.k. unit is not yet profitable. : amazon also have been targeted as not paying their fair share in england. >> we will have more on the weather and traffic and more on the sunshine later this afternoon. combat is 5:14. >> reservoir is that as local reservoirs and a much- needed increase in water levels as a last week end storms. >> reservoir is in santa clara and gross unethically with rainfall, the levels are still not exactly where the need to be. >> since last wednesday the santa clara valley water district said average storage in their reservoirs and attend reservoirs' and chrism 74 to 91 percent of where they should be. that is an increase of nearly 4 billion gal. of water. and over in the east bay, what reservoirs' levels increased about 3%. east bay mud says all their reservoirs are now at 85
.s. ambassador to the u.k. or france. what? my take on that next. stuart: superstorm sandy made landfall in america more than a month ago. some businesses are still seeing the effects. shares of darden restaurants, that's the company that owns red lobster, olive garden, they are down today after the company announced it expects to make less money next year than it originally forecast. the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in tw
week. that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited by the children, including former president george w. bush. those are your headlines. back to lori and connell. >> thank you. >> sales numbers, general motors up 3% from last year, and others in the green as well thanks to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are bullish, increasing produ
potential for gaming in the uk. let's break it down. there is a one-year chart beard all things digital have been reporting they are close to launching games in the uk. plus poker, plus casinos. it sounds like a lot of fun. all things digital continues to take a look at online games and the potential for zynga doing exactly that in the uk. there is is up 3.25% right now. back to you. lori: great. we will see you in a few minutes. the bullet train traveling 186 miles per hour begin regular service. it previously took 20 hours and now it just take eight. in 2009 -- $640 billion is more than 139 u.s. dollars. here is to technology. tracy: eight hours is essentially new york to key west. lori: i would go like every friday. a christmas outage left millions of users without users streaming netflix. shibani joshi with this christmas debacle next. tracy: washington cannot agree on a plan for the fiscal cliff. we go to the nation's capital after break. let's take a look at how the dollar is faring against foreign currencies as we head to break. ♪ with fidelity's new options platform, we've complete
irish fan, so hopefully not. >> is dolmen all over the uk? >> that's correct. they're predominantly in ireland, but you look at ireland right now, they're actually going through the reforms. they're trying to inject money in a credit fashion into their economy. and we certainly think we can bring our fixed income expertise and continue to help them. >> that would make sense for cantor. ireland was the mf-will first they were in trouble, then the model for the world. what got them into trouble again, housing or real estate or something or bad banks or -- and now again they're kind of a model for everyone on how to handle it. is that basically the last five years? >> absolutely. certainly was a real estate bubble there. now there are austerity measures being put in place and they're actually following through on the austerity measures. so certainly they'll come out first and actually look pretty good. >> so where is the most business for you for cantor in ireland, what will you be doing? >> certainly it's an equity based firm. we'll bring our fixed income expertise, probably become th
are in place in scandinavia and in germany and the u.k. and reshaped those market forces, and the way we shape those market forces has been the result of the least equality of opportunity contrary to our image of our self. it's really a myth. the countries that have imitated the united states have done like the united states. the u.k. used to be in the middle of the elite table and now we are expecting of the income inequality whereas it struggled and inequality has increased a little bit but it is still the least -- the most the quality of opportunity. .. even canada is, less harsh society than ours and the same environment we are, speak the same language, these are choices and choices about how we run markets. the distribution of marketing, there is a lot you can do, it is choice about what you do after words as well, providing universal health coverage or provide decent support or an educational system that is well funded for everybody, not just people in the right neighborhoods. >> and the tax system is obviously important, not only for inequality opportunity, but also growth. so for insta
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